How to send money to Bosnia and Herzegovina in 2026: the mark at 1.95583 per euro, transfers from Europe and buying a flat
In 2026 the Bosnia and Herzegovina mark is still pegged to the euro at 1.95583, and the central bank has applied to join the single euro payments area. We show how to send money to a bank in Sarajevo or Banja Luka, how much of a deposit is protected and what tax is paid when buying a flat.
In short
- The rate is fixed by law: 1 euro = 1.95583 marks since 1998.
- Euros from Europe arrive in 1-2 business days through a correspondent bank.
- The application to join the single euro payments area was filed on 6 August 2026.
- Deposits are insured up to 70,000 marks ($41,000) at each bank.
In detail
Money is sent to Bosnia and Herzegovina in euros or convertible marks to an account at a bank in Sarajevo, Banja Luka or Mostar. Since 1998 the mark has been firmly pegged to the euro: 1 euro always costs 1.95583 marks, so a sum in euros loses nothing on the rate. Euros from Europe arrive by international transfer in 1-2 business days.
| Method | Works on 9 October 2026 | Currency and time |
|---|---|---|
| bank transfer in euros | yes, through a correspondent bank | credited in euros or marks, 1-2 business days |
| transfer in US dollars | yes | the recipient's bank exchanges at the rate of the day, 1-3 business days |
| paying for a flat | yes, to the seller's account | euros or marks, by the date of the contract at the notary |
| money to parents and family | yes | to the recipient's account, with family support as the purpose |
Table checked on 9 October 2026. Marks converted into dollars at the European Central Bank rate of 7 October 2026: about 1.75 marks per dollar, rounded up.
1 euro = 1.95583 marks: a rate unchanged since 1998
The Central Bank of Bosnia and Herzegovina works as a currency board: every mark issued is backed by euro reserves, and the rate is fixed by law. Banks keep accounts in both euros and marks, so a large sum is conveniently held in euros and changed in portions for spending with no rate risk.
A bank exchanges US dollars into marks at the market rate: it follows the dollar's movement against the euro. Which currency to choose for your amount and purpose, a manager will advise.
The mark rate is the same in Sarajevo, Banja Luka and Mostar: there is one central bank for the whole country, even though its two parts have their own governments and their own taxes.
The single euro payments area: application filed on 6 August 2026
For now the country is not part of the single euro payments area, so euros from Germany, Austria or Croatia travel as an international transfer through a correspondent bank. The sender needs the recipient's 20-character account number, the bank code and the full name, and the payment arrives in 1-2 business days.
On 6 August 2026 the central bank filed an official application to join: before that both parts of the country adopted new payments laws. The area's countries account for more than 80% of Bosnia and Herzegovina's foreign trade. The central bank expects the first payments under the single rules no earlier than six months after admission, and until then the ordinary international transfer applies.
Deposits up to 70,000 marks are insured at each bank
The Deposit Insurance Agency repays up to 70,000 marks ($41,000) per depositor at each bank, a limit in force since 1 November 2022. All of a person's accounts at one bank are added together, foreign-currency deposits are converted into marks at the central bank rate, and the payout is made within 20 business days.
That is why money for a flat is sent closer to the date of the deal rather than kept for months on one account.
We will help you send money to Bosnia and Herzegovina
Mistakes cost more than fees: dollars changed first into euros and then into marks, euros sent without the recipient's full name and 20-character account number, paying for a flat without the canton's tax, and a large sum with no papers on its origin. We will help you avoid them: we choose the transfer route and currency, gather source-of-funds documents for the bank in Sarajevo or Banja Luka and carry out the transfer through licensed partners until the money is credited.
Details and cost are with a manager in the chat: much depends on the amount, the currency and the purpose of the transfer.
A flat in Sarajevo or Banja Luka: the tax depends on the part of the country
A foreigner buys a home on the basis of reciprocity. In the Federation of Bosnia and Herzegovina the property transfer tax is set by the canton, and in Sarajevo Canton it is 5% of the assessed value, while Republika Srpska and Brčko District have no such tax. Prices, taxes and the deal procedure are covered in buying an apartment in Bosnia.
The capital is described on the Sarajevo page, and the country's taxes on the taxes in Bosnia and Herzegovina page.
The amount you send to Bosnia and Herzegovina sets the documents
Up to $10,000. The payment purpose is enough for the bank: helping parents, study, rent.
$10,000-100,000. A bank in Sarajevo or Banja Luka will ask for 6 months of statements and a document on the money: a sale contract, an income certificate or a gift agreement.
From $100,000. You prepare a pack on the origin of the wealth and the purchase contract; how to put it together is covered in proof of source of funds and sending large sums abroad. Moving capital step by step is on the capital relocation page. For such a sum, get the transfer terms from a manager in advance.
From Sarajevo to Croatia, Serbia and Germany
To neighbouring Croatia money goes in euros and is credited there with no exchange. To Serbia people send euros, and the recipient's bank changes them into dinars if needed. Those working in Germany and Austria send money home in euros, and the return transfer follows the same route.
Sending money to nearby countries
- How to send money to Croatia
- How to send money to Serbia
- How to send money to Montenegro
- How to send money to Slovenia
- How to send money to North Macedonia
- How to send money to Kosovo
All countries and moving capital step by step are in the capital relocation section.
FAQ
How many marks do you get for a euro in Bosnia and Herzegovina?
When did Bosnia and Herzegovina apply to join the single euro payments area?
How much of a deposit is insured at a bank in Bosnia and Herzegovina?
Is property transfer tax paid on a flat in Banja Luka?
We will suggest the best way to send your money
We will choose a transfer method for your amount and country, prepare the documents on the origin of the money for the bank, make the transfer through licensed partners and follow it until the money is credited. Ask your question in the chat - the manager will suggest the best terms and the cost. The legal side with banks and government bodies is handled by Murblz specialists and locally licensed partners.
Details and cost are with the manager in the chat. Describe your situation and we will reply right away.
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